This essential resource provides a roadmap for redirecting school funds in ways that will dramatically improve student performance. Lead author Allan Odden3⁄4one of the nation?s foremost scholars in school finance3⁄4offers a vision of finance reform that will give local schools more control over their budgets and ultimately boost student performance. Allan Odden and Carolyn Busch look at the inefficiencies in current education spending, examine varied approaches to school-based financing, and offer recommendations for restructuring financing systems to meet ambitious reform goals. In addition, they propose ways to make funding more equitable across districts, outline the various elements that make school-based management work, and describe the key roles and responsibilities for the district even in a decentralized system. Financing Schools for High Performance is filled with examples of creative finance structures, formulas, and actual school budgets that support student learning and rigorous instructional programs. It will prove to be an indispensable aid for state, district, and school-level administrators.

Ultimately, the authors recommend that states create new ways of helping colleges with many at-risk students, define performance indicators and measures better tailored to institutional missions, and improve the capacity of colleges to engage in organizational learning.

This updated text provides a clear discussion of how research in school finance, resource allocation and use for higher performance, site-based management of schools, and teacher compensation may impact the funding of schools in the coming years.

The United States annually spends over $300 billion on public elementary and secondary education. As the nation enters the 21st century, it faces a major challenge: how best to tie this financial investment to the goal of high levels of achievement for all students. In addition, policymakers want assurance that education dollars are being raised and used in the most efficient and effective possible ways. The book covers such topics as: Legal and legislative efforts to reduce spending and achievement gaps. The shift from "equity" to "adequacy" as a new standard for determining fairness in education spending. The debate and the evidence over the productivity of American schools. Strategies for using school finance in support of broader reforms aimed at raising student achievement. This book contains a comprehensive review of the theory and practice of financing public schools by federal, state, and local governments in the United States. It distills the best available knowledge about the fairness and productivity of expenditures on education and assesses options for changing the finance system.

The expert contributors to this volume assess recent court actions in school adequacy lawsuits and their impact on student outcomes. They show that simply throwing more resources at the problem has not brought about a solution and call for changes centered around accountability, incentives, and more informed parents and policymakers.

Financing Public Schools moves beyond the basics of financing public elementary and secondary education to explore the historical, philosophical, and legal underpinnings of a viable public school system. Coverage includes the operational aspects of school finance, including issues regarding teacher salaries and pensions, budgeting for instructional programs, school transportation, and risk management. Diving deeper than other school finance books, the authors explore the political framework within which schools must function, discuss the privatization of education and its effects on public schools, offer perspectives regarding education as an investment in human capital, and expertly explain complex financial and economic issues. This comprehensive text provides the tools to apply the many and varied fiscal concepts and practices that are essential for aspiring public school administrators who aim to provide responsible stewardship for their students. Special Features: "Definitional Boxes" and "Key Terms" throughout chapters enhance understanding of difficult concepts. Coverage of legal, political, and historical issues provides a broader context and more complex understanding of school finance. Offers in-depth exploration of business management of financial resources, including fiscal accounting, school facilities, school transportation, financing with debt, and the nuances of school budgeting techniques.